The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Craig Stevenson who wrote (14517)	2/19/1998 2:15:00 PM
From: Eleder2020	Read Replies (1) of 29386

>>>It also appears as if we might see less dilution than 10%, which would also be good. It might not be perfect, but it's better than the last time. <<< Craig-thinkabout it. The financing stabilized the price of ANCOR today. Gives it working capital for the next year and cash in hand. A long term loan if they could have gotten it would have been more dilutive over time. I think we are at 8 thanks to Steve S. today. Without it we would be down alot more then 10% and the margin accounts would probably accentuate that movement. All in all it appears to be a pretty good deal BUT time will tell and certainly was shareholder friendly at least today. I was hoping for someone like SUN or one of the large possible OEM's to take an equity stake in ANCR but that didn't happen.It would seem some OEM could invest in ANCOR, order their switches, put Ancor on the map and then reap the rewards as other OEM's follow suite and the profits from their stake could get years of switches for free if it all worked out. Just waiting for the market to catch up to the technology . I guess I won't miss too much if I concentrate on the Knicks and basketball season for awhile.

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